News
SPOTLIGHT: GRANDBRIDGE CAPITAL
September 27, 2012
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| Grandbridge VP Alan Tapie tells us the company, a wholly-owned subsidiary of BB&T, is uniquely positioned in the Atlanta market, humming along with Fannie Mae, Freddie Mac, and Ginnie Mae/HUD. Grandbridge also originates loans for life insurance companies and balance sheet lenders. And, by having its own proprietary fund, more intermediary action with clients is possible. The big action for lending to date is multifamily (about 63% of its business so far this year), and that's allowed Grandbridge to finance the acquisition/ rehab game. Alan calls it ?tailored financing,? which gives the green light to acquisition/rehab projects that may not fit Fannie?s, Freddie?s, or HUD?s criteria. The big question: ?Where does the economy go after the election?? No matter how the political landscape changes, Grandbridge stands ready and strong. For more info on our sponsor, click here. |
